Menu Close

Perigon Wealth Management Announces Merger with PM Wealth Management and Formation of Strategic Alliance with Prager Metis

Divestiture of Prager Metis’ Wealth Management Arm Grows Perigon’s Total Client Assets to $4.3 Billion

Transaction Deepens Collaboration Opportunities Between Top Tax Advisory Firm Prager Metis and Perigon’s Financial Advisors to Elevate Service Experience for High-Net-Worth Clients

SAN FRANCISCO, Sept. 8, 2022 /PRNewswire/ — Perigon Wealth Management (“Perigon”), a rapidly growing independent wealth management firm with offices across the country and $3.6 billion in client assets, today announced a merger with PM Wealth Management, a New York-based RIA with nearly $750 million in assets under management (AUM).  Following the merger, Perigon Wealth Management will have over 50 financial advisors and over $4.3 billion in assets under management.

Previously, PM Wealth was part of Prager Metis, an accounting and advisory firm affiliated with Prager Metis International LLC. The transaction, expected to close in November, merges PM Wealth Management with Perigon’s growing nationwide team, with PM Wealth continuing to operate under its own brand, and the firm’s leaders joining the senior executive team of Perigon.

As part of this merger, Perigon has formed a strategic alliance with Prager Metis. Perigon will serve as the preferred wealth management solution for Prager Metis tax clients. Prager Metis will become one of the preferred tax firms Perigon utilizes to deliver holistic tax services to its existing, and future, clients.  The alliance creates a structure for seamless client referrals between the two firms, enabling each to address the widest possible wealth management and tax advisory needs of their respective clients. Importantly, Perigon will remain tax agnostic and able to work with any tax firm that provides solutions that align with its clients’ needs.

Adding advisors and tax expertise
“We are thrilled to have PM Wealth Management’s team of talented advisors bring their expertise to our firm,” said Jonathan Hoy, Perigon’s Chief Operating Officer. “This partnership broadens our tax advisory referral resources via Prager Metis to our clients, while establishing Perigon as the wealth management referral firm of choice for the clients of Prager Metis.”

Marc A. Specht, AIF, AAMS, AWMA, RFC, Co-Founder of PM Wealth Management, said, “This partnership enhances our ability to provide greater resources to the PWM Wealth Management team so we can drive the highest-quality service and outcomes for our clients. We gain enhanced back-office support, and our clients get more choices through Perigon’s existing custodial relationships with Pershing, Charles Schwab, TD Ameritrade and Fidelity. The PM Wealth Management team can now focus their efforts on continuing to provide superior service which will enable the firm to grow.”

Glenn Friedman, CEO of Prager Metis, said, “We are pleased to announce that PM Wealth Management has merged with Perigon. We look forward to the increased value add that Perigon can bring to our clients as your financial advisory team. Enhancing our expertise and extending our trusted advisor relationship with our clients to our new partner Perigon is very important.”

Growth trajectory
The partnership with PM Wealth Management marks the latest expansion for Perigon as it continues to demonstrate a compelling value proposition of providing financial advisors with a seamless way to streamline their operations and plug seamlessly into technology and recruiting platforms to grow business. Since December, Perigon added Matthai Capital Management, a Baltimore-based independent RIA; Baker & Associates, an Irvine, California-based RIA, and Greenville Financial Group of Wilmington, Delaware.

Also, earlier this year, Perigon significantly expanded its executive leadership team to help execute its robust growth strategy of acquiring independent RIAs and recruiting successful financial advisors.

Terms of the transaction are not being disclosed.

About Perigon Wealth Management
Founded, owned and led by lifelong financial advisors, Perigon Wealth Management, LLC is an independent RIA firm that provides clients with peace of mind by identifying and implementing clear and customized plans to achieve the financial objectives necessary to realize their life goals. Additionally, Perigon Wealth Management offers financial advisors who join its platform a robust and flexible program that accommodates the widest possible array of affiliation structures and business models. With over $3 billion in client assets, Perigon Wealth Management is passionate about accelerating the business growth of its financial advisors and simplifying their operations, without sacrificing their independence. For more information, please visit https://perigonwealth.com/.

About PM Wealth Management
PM Wealth Management is a full-service registered investment advisor (RIA) providing advice on retirement, insurance, tax plans from its primary offices in New York and New Jersey. Its team of 5 advisors have more than 50 years of combined wealth management experience. Securities are offered through LPL Financial, a member FINRA/SIPC.

About Prager Metis
Headquartered in New York City, and with offices in North America, Europe, Asia and the Metaverse, Prager Metis, an affiliate of Prager Metis International, LLC, is one of the nation’s fastest growing accounting and advisory firms, offering a full range of accounting, audit, tax, consulting, and international services. Prager Metis is recognized as a Top 50 Accounting Firm. For more information, please visit www.pragermetis.com. Banquet Labs is also an affiliate of Prager Metis, and together the two entities actively counsel businesses as well as create events and experiences in the Metaverse. For more information, visit www.pragermetis.com.

Media inquiries
Lorene Yue / Donald Cutler
Haven Tower Group
424 317 4854 or 424 317 4864
lyue@haventower.com or dcutler@haventower.com

Cision

View original content:https://www.prnewswire.com/news-releases/perigon-wealth-management-announces-merger-with-pm-wealth-management-and-formation-of-strategic-alliance-with-prager-metis-301619656.html

SOURCE Perigon Wealth Management